Comcast Corporation $CMCSA Shares Bought by Shelton Capital Management

Shelton Capital Management grew its stake in Comcast Corporation (NASDAQ:CMCSA) by 7.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 781,191 shares of the cable giant’s stock after purchasing an additional 54,000 shares during the period. Comcast comprises 0.6% of Shelton Capital Management’s investment portfolio, making the stock its 25th biggest position. Shelton Capital Management’s holdings in Comcast were worth $27,881,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CMCSA. QRG Capital Management Inc. raised its stake in shares of Comcast by 13.0% during the 2nd quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock worth $25,867,000 after buying an additional 83,631 shares during the period. Vanguard Group Inc. raised its position in Comcast by 0.3% during the second quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock worth $13,185,275,000 after acquiring an additional 1,257,196 shares during the period. Aberdeen Group plc lifted its holdings in Comcast by 5.4% during the second quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock valued at $103,142,000 after purchasing an additional 147,231 shares in the last quarter. Penserra Capital Management LLC grew its position in shares of Comcast by 20.0% in the second quarter. Penserra Capital Management LLC now owns 82,089 shares of the cable giant’s stock valued at $2,928,000 after purchasing an additional 13,653 shares during the period. Finally, Resona Asset Management Co. Ltd. increased its stake in shares of Comcast by 10.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock worth $47,254,000 after purchasing an additional 118,839 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CMCSA. Scotiabank lowered their price objective on Comcast from $45.50 to $41.50 and set a “sector perform” rating on the stock in a report on Friday, October 31st. BNP Paribas Exane upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a research report on Tuesday, November 4th. Barclays lowered their price target on Comcast from $34.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, November 3rd. Oppenheimer set a $38.00 price objective on Comcast in a report on Tuesday, November 4th. Finally, UBS Group set a $34.00 target price on shares of Comcast in a report on Friday, October 31st. Eleven analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $35.92.

Comcast Price Performance

Comcast stock opened at $26.73 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average price of $28.93 and a 200 day moving average price of $32.33. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $43.45. The stock has a market cap of $97.38 billion, a P/E ratio of 4.45, a PEG ratio of 1.83 and a beta of 0.83.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The business had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. Sell-side analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be given a $0.33 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a yield of 4.9%. Comcast’s payout ratio is currently 21.96%.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.